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Chesapeake Energy: Recent Trends in Short Interest

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Short interest trends in CHK stock

On April 2, 2018, short interest as a percentage of float (or short interest ratio) in Chesapeake Energy (CHK) stock was ~23.5%. A year ago, in April 2017, it was ~14.3%.

Short interest in CHK stock had been increasing before its 4Q17 results, indicating possible investor apprehension. However, better-than-expected earnings likely reassured some investors.

To know about CHK’s 4Q17 earnings in detail, read CHK Stock Soars High after Earnings: Will Uptrend Continue?

The recent rise in short interest could be due to news of Tellurian’s (TELL) intentions to purchase CHK’s assets in exchange for equity. That could have led to investor apprehension since the company is struggling with a huge debt load.

CHK stock has been subdued, falling from $5.92 on April 3, 2017, to $2.97 on April 2, 2018.

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